Business

Coromandel International Q1 leads: Profit drops 37.1% to Rs 311 cr Business Outcomes

.Earnings coming from functions went down regarding 17 per cent to Rs 4,729 crore.|Picture: Facebook1 minutes checked out Final Updated: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals strong Coromandel International disclosed a 37.1 per cent join first-quarter revenue on Wednesday, hurt by weak spot in its fertiliser and nutrients business.The provider's web revenue after tax obligation was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year previously.Earnings from functions fell concerning 17 percent to Rs 4,729 crore, producing it the firm's fifth consecutive one-fourth of decrease.KEY CIRCUMSTANCE.Agrochemical as well as fertilizer business have disclosed an uninspired performance as excessive inventory in the domestic market pressed their sales quantities and also frames.However, residential requirement is counted on to notice the potential customers of above-average gale storms this year and a bumper harvest, analysts said.Peer SRF published a decrease in its revenue for the fourth, injured by unstable requirement in its chemicals service, while Deepak Fertilisers and also Petrochemicals posted revenue surge, helped by lower input price.( Simply the title and picture of this document may have been actually modified by the Company Specification personnel the rest of the information is auto-generated from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.

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